2025-11-10T13:26:00-06:00 2024-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2024-01-01 951288265 WESCOM CENTRAL CREDIT UNION WESC 8884937266 123 SOUTH MARENGO AVENUE PASADENA CA 911012428 CINDY LAW VP/CONTROLLER 8884937266 2025-10-26 1 0 NANAZ BENYAMINI P00666808 3104773924 2025-10-26 2024 2025-03-06 01:10:19Z WESCOM CREDIT UNION CINDY LAW 123 SOUTH MARENGO AVENUE PASADENA CA 911012428 789489630 0 X WWW.WESCOM.ORG X CREDIT UNION 1934 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 11 11 1094 16 7110642 0 0 0 227021524 254320543 96513536 109798699 0 0 323535060 364119242 677922 1046675 0 0 103960953 116117562 0 0 0 195026211 233374321 299665086 350538558 23869974 13580684 5820504418 6275057953 5569859052 5995147899 250645366 279910054 X THE GENERAL MISSION OF THE CREDIT UNION IS TO PROMOTE THRIFT, HONESTY, INTEGRITY AND A SPIRIT OF SERVICE AMONG ITS MEMBERS. IN ADDITION, THE ORGANIZATION MAKES LOANS TO ITS MEMBERS AT REASONABLE RATES, INVESTS EXCESS LIQUIDITY PRUDENTLY AND WITHIN LIMITS AS PERMITTED BY CALIFORNIA LAW, AND ENGAGES IN ANY OTHER LAWFUL ACTIVITY NOT PROHIBITED BY APPLICABLE LAWS AND REGULATIONS. 0 0 THE CREDIT UNION HAD $6.28 BILLION IN ASSETS, $3.35 BILLION IN LOANS AND $4.50 BILLION IN MEMBER DEPOSITS AS OF DECEMBER 31, 2024. THE CREDIT UNION POSTED NET EARNINGS OF $18 MILLION IN 2024. THE CREDIT UNION'S 2024 INITIATIVES INCLUDED MEMBERSHIP GROWTH, ENHANCING PRODUCTS AND SERVICES, MORE GROWTH WITH MERGER AND PARTNERSHIPS, INCREASED SERVICE IN OUR COMMUNITIES, DEVELOPMENTS IN DELIVERY CHANNELS, AND LOAN GROWTH. THE CREDIT UNION THROUGH ITS EMPLOYEES, MEMBERS, AND WESCOM FOUNDATION SUPPORTED COMMUNITY OUTREACH THROUGHOUT 2024. $1,000,000+ GRANTED TO SUPPORT NON-PROFIT PARTNERS AND NON-PROFIT ORGANIZATION , AND $25,000 DONATED TO NATIONAL MULTIPLE SCLEROSIS SOCIETY. THE CREDIT UNION ACQUIRED CENTRAL COAST CREDIT UNION ON APRIL 1, 2024. THE ACQUISITION WAS UNDERTAKEN TO INCREASE EFFICIENCIES TO IMPROVE OVERALL SERVICE TO THE CONSOLIDATED MEMBER BASE. NO CONSIDERATION WAS PAID FOR THE ACQUISITION, YET THE FAIR VALUE OF THE ACQUIRED EQUITY BELOW IS REFLECTIVE OF A HYPOTHETICAL TRANSACTION PRICE. THE CREDIT UNION ASSUMED ALL ASSETS AND LIABILITIES OF THE ACQUIRED INSTITUTION AND ACCOUNTED FOR THE TRANSACTIONS AT FAIR VALUE PURSUANT TO ACQUISITION ACCOUNTING GUIDANCE. THE FAIR VALUE OF THE ACQUIRED ENTITY TOTALED $2,019,038. 0 0 1 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 1 0 1 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 98040 0 1 1094 1 1 1 0 0 0 0 0 0 0 1 0 X 11 11 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X X CINDY LAW VPCONTROLLER 8884937266 123 S MARENGO AVENUE PASADENA CA 911012428 POURIA ABBASI BOARD MEMBER 2.00 X 1214 0 0 HANI BHIMIJI VICE CHAIRMAN 2.00 X X 11040 0 0 RON FISCHER BOARD MEMBER 2.00 X 13796 0 0 GINA FRIEDRICH BOARD MEMBER 2.00 X 15957 0 0 JESSICA GUTIERREZ BOARD MEMBER 2.00 X 2914 0 0 NORMA GARCIA GUILLEN BOARD MEMBER 2.00 X 2218 0 0 DANIEL KRAUS SECRETARY 2.00 X X 18552 0 0 JEFF LUONG BOARD MEMBER 2.00 X 4676 0 0 DAVID PEREZ TREASURER 2.00 X X 8763 0 0 NOEL ROSS CHAIRMAN 2.00 X X 12175 0 0 BRAD SELBY BOARD MEMBER 2.00 X 7285 0 0 WILLIAMS DARREN PRESIDENT/CEO 40.00 X 1426925 0 1330561 PIPES KEITH EXECUTIVE VP AND COO 40.00 X 694360 0 73588 YU IRVING SENIOR VP FINANCE/CFO 40.00 X 510909 0 137418 PELLISSERY JOSEPH SENIOR VP TECHNOLOGY/CIO 40.00 X 532718 0 145216 PEDERSON MELISSA SENIOR VP ADMINISTRATION 40.00 X 498304 0 102002 FORRESTER HASHIM SENIOR VP REMOTE SERVICE DELIVERY 40.00 X 476737 0 124385 HOLLIS CARINA SENIOR VP & GENERAL COUNSEL 40.00 X 470557 0 81161 THOMAS CHARLES UNTIL 12024 SENIOR VP CHIEF LENDING OFFICER 40.00 X 464656 0 26493 ALLEN JONATHON SENIOR VP FINANCIAL SERVICE 40.00 X 449694 0 129182 WELCH ADRIANA SENIOR VP BRANCH OPERATION 40.00 X 420087 0 105813 WINKLER STEPHANIE VP HUMAN CAPITAL & DEVELOPMENT 40.00 X 356027 0 40088 WHITE ASHLEY SENIOR VP CHIEF MARKETING OFFICER 40.00 X 349810 0 82861 LAW CINDY CHING-CHING VP FINANCE 40.00 X 337453 0 73138 REDDI DESIGAN VP IT OPERATIONS AND ARCHITECTURE 40.00 X 332318 0 67503 BAUMAN JONATHON VP LOAN SERVICING AND DEFAULT MGMT 40.00 X 329555 0 51593 PACHECO MAGGIE VP MORTGAGE LENDING 40.00 X 320690 0 55713 THOMPSON LISA VP ENTERPRISE RISK 40.00 X 319757 0 40257 LOPEZ VICTOR VP BRANCH OPERATIONS 40.00 X 318138 0 33644 HOSHIDE DARREN VP BRANCH OPERATIONS 40.00 X 304322 0 32085 KOKONYAN GARY VP BUSINESS ANALYTICS 40.00 X 302411 0 73738 SMRCKA JEFF VP CONSUMER LENDING 40.00 X 299838 0 73538 DY-RAGOS MARK VP INFORMATION SECURITY 40.00 X 293844 0 73738 SEDLAK BRIAN VP INFORMATION TECHNOLOGY 40.00 X 292340 0 39898 CERWINSKI DAVID VP CORPORATE DEVELOPMENT 40.00 X 290670 0 51157 THIEU TRUONG FINANCIAL ADVISOR 40.00 X 434717 0 33712 RUBIA PHILIP FINANCIAL ADVISOR 40.00 X 295698 0 32433 GERSTENACKER KARL FINANCIAL ADVISOR 40.00 X 260078 0 38334 FRENCH BARRIE DIRECTOR INVESTMENTS 40.00 X 237046 0 51870 YEE NORMAN FINANCIAL ADVISOR 40.00 X 235697 0 46650 11953946 0 3247769 112 0 1 0 GRAIL BRAND DESIGN LLC 12 CORPORATE PLAZA DRIVE SUITE 200 NEWPORT BEACH CA 92660 ADVERTISING 2974838 ROPES & GRAY LLP PO BOX 70280 MAIL CODE 11104 PHILADELPHIA PA 19176 LEGAL SERVICES 871995 ACCENTURE 500 W MADISON ST 20TH FL CHICAGO IL 60661 SOFTWARE SERVICES 572949 ORRAVAN MECHANICAL INC 6134 FACULTY AVENUE LAKEWOOD CA 90712 REPAIRS & MAINTENANCE 486730 DISMAN ARCHITECTURE 240 HILL PLACE COSTA MESA CA 92627 BRANCH DESIGN 347261 19 INTEREST INCOME 522100 183763029 183702983 60046 FEE INCOME 522100 42140943 41731322 409621 OTHER OPERATING INCOME 522100 28416571 21775596 6640975 254320543 108702630 108702630 426439012 27445 425317493 52895 1121519 -25450 1096069 1096069 364119242 357008600 7110642 0 1031675 15000 13535481 81333205 5519636 9464460 6264780 708494 327561 6000 1420910 10745066 18794941 7030757 12834091 2084110 124722324 16963177 719791 LOAN SERVICING 21317835 OPERATING EXPENSES 6277971 PROVISION CREDITS 5700000 CCFU FINANCIALS SERVICE 1936127 1785166 350538558 26315288 33104539 173272150 208679244 15906696 9650332 9208429 10527478 221044434 138488049 73559583 82556385 2031886267 2226153929 3201479549 3374980067 8100139 14719505 280776317 314686474 5820504418 6275057953 93828298 81520662 5476030754 5913627237 5569859052 5995147899 X 0 0 0 0 250645366 279910054 250645366 279910054 5820504418 6275057953 X 13580684 3186451 12497552 X 0 1 X 1 0 6000 CA CREDIT UNION LEAGUE 1201 K STREET SUITE 1050 SACRAMENTO CA 95814 942329967 6000 0 6000000 6000000 51910345 27556686 24353659 25413145 12542960 12870185 133817559 98388403 35429156 3903385 3903385 82556385 LOANS AND INVESTMENTS IN NATURAL PERSON CUS 3289793 C ALL OTHER INVESTMENTS 35506300 F LOANS AND LEASES 3294925274 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 41258700 C 3374980067 OTHER ASSETS 314686474 314686474 OTHER NOTES AND INTEREST PAYABLE 1409297387 SHARES AND DEPOSITS 4495153880 DEFERRED REVENUE 9175970 5913627237 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE CREDIT UNION'S WHOLLY OWNED SUBSIDIARIES, WESCOM FINANCIAL SERVICES, LLC AND WESCOM RESOURCES GROUP, LLC ARE SUBJECT TO STATE AND FEDERAL INCOME TAX. OPERATIONS OF THE WHOLLY OWNED SUBSIDIARIES RESULTED IN AN INSIGNIFICANT AMOUNT OF INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE SUBSIDIARIES ARE SUBJECT TO U.S. FEDERAL INCOME TAX AS WELL AS INCOME TAX OF THE STATE OF CALIFORNIA. THE SUBSIDIARIES ARE NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2020. THE SUBSIDIARIES RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN OTHER EXPENSE. THERE WERE NO INTEREST OR PENALTIES RECORDED IN 2024 OR 2023. 1 NEW ZEALAND 0 0 ATHLETIC GRANT 7500 FINLAND 0 0 ATHLETIC GRANT 7500 0 0 0 0 0 0 15000 0 15000 GRANT TO COLLEGIATE ATHLETICS EAST ASIA AND THE PACIFIC 1 7500 ACH DIRECT DEPOSIT 0 GRANT TO COLLEGIATE ATHLETICS EUROPE (INCLUDING ICELAND & GREENLAND) 1 7500 ACH DIRECT DEPOSIT 0 0 0 0 0 0 0 PART I, LINE 2: THESE GRANTS ARE TAXABLE TO THE RECIPIENTS, AND FOREIGN WITHHOLDING FORMS HAVE BEEN FILED ACCORDINGLY. 0 WESCOM FOUNDATION 123 SOUTH MARENGO AVENUE PASADENA CA 91101 311709115 501(C)(3) 841404 0 TO PROVIDE FINANCIAL SUPPORT TO SPONSOR COMMUNITY SERVICE OPPORTUNITIES. CHILDREN'S MIRACLE NETWORK 1051-A DETROIT AVENUE CONCORD CA 94518 870387205 501(C)(3) 109759 0 TO INCREASE FUNDS AND AWARENESS FOR CHILDREN'S HOSPITAL LOS ANGELES. UCLA WBB 10920 WILSHIRE BLVD LOS ANGELES CA 90024 956006143 501(C)(3) 30312 0 GENERAL SUPPORT NATIONAL MULTIPLE SCLEROSIS SOCIETY 733 THIRD AVE NEW YORK NY 10017 135661935 501(C)(3) 25000 0 GENERAL SUPPORT FRIENDS IN DEED 444 EAST WASHINGTON BLVD PASADENA CA 91104 951644608 501(C)(3) 15000 0 FINANCIAL ASSISTANCE IN ORDER TO PROVIDE SUPPORTIVE SERVICES TO MEET BASIC HUMAN NEEDS. VALLEY ISLE CHAPTER 160 PAAHANA STREET KAHULUI HI 96732 990210187 N/A 5000 0 GENERAL SUPPORT PASADENA EDUCATIONAL FOUNDATION 351 S HUDSON AVE ROOM 153 PASADENA CA 91101 237149451 501(C)(3) 5000 0 GENERAL SUPPORT 5 1 X X 1 1 X X X X 1 1 0 WILLIAMS DARREN PRESIDENT/CEO 1027011 0 372357 0 27557 0 1295807 0 34754 0 2757486 0 0 0 PIPES KEITH EXECUTIVE VP AND COO 501642 0 157614 0 35104 0 23000 0 50588 0 767948 0 0 0 PELLISSERY JOSEPH SENIOR VP TECHNOLOGY/CIO 426169 0 95496 0 11053 0 97678 0 47538 0 677934 0 0 0 YU IRVING SENIOR VP FINANCE/CFO 394057 0 96463 0 20389 0 86830 0 50588 0 648327 0 0 0 FORRESTER HASHIM SENIOR VP REMOTE SERVICE DELIVERY 377405 0 82191 0 17141 0 92231 0 32154 0 601122 0 0 0 PEDERSON MELISSA SENIOR VP ADMINISTRATION 388650 0 82553 0 27101 0 83914 0 18088 0 600306 0 0 0 ALLEN JONATHON SENIOR VP FINANCIAL SERVICE 358120 0 76484 0 15090 0 96469 0 32713 0 578876 0 0 0 HOLLIS CARINA SENIOR VP & GENERAL COUNSEL 381994 0 72180 0 16383 0 79863 0 1298 0 551718 0 0 0 WELCH ADRIANA SENIOR VP BRANCH OPERATION 344033 0 71162 0 4892 0 95500 0 10313 0 525900 0 0 0 THOMAS CHARLES UNTIL 12024 SENIOR VP CHIEF LENDING OFFICER 354222 0 74932 0 35502 0 23000 0 3493 0 491149 0 0 0 THIEU TRUONG FINANCIAL ADVISOR 8755 0 425695 0 267 0 23000 0 10712 0 468429 0 0 0 WHITE ASHLEY SENIOR VP CHIEF MARKETING OFFICER 299915 0 41209 0 8686 0 65773 0 17088 0 432671 0 0 0 LAW CINDY CHING-CHING VP FINANCE 281924 0 46502 0 9027 0 23000 0 50138 0 410591 0 0 0 REDDI DESIGAN VP IT OPERATIONS AND ARCHITECTURE 286509 0 44237 0 1572 0 16915 0 50588 0 399821 0 0 0 WINKLER STEPHANIE VP HUMAN CAPITAL & DEVELOPMENT 296692 0 47166 0 12169 0 23000 0 17088 0 396115 0 0 0 BAUMAN JONATHON VP LOAN SERVICING AND DEFAULT MGMT 276434 0 44097 0 9024 0 23000 0 28593 0 381148 0 0 0 PACHECO MAGGIE VP MORTGAGE LENDING 274700 0 43320 0 2670 0 23000 0 32713 0 376403 0 0 0 KOKONYAN GARY VP BUSINESS ANALYTICS 257747 0 42050 0 2614 0 23000 0 50738 0 376149 0 0 0 SMRCKA JEFF VP CONSUMER LENDING 256470 0 41938 0 1430 0 23000 0 50538 0 373376 0 0 0 DY-RAGOS MARK VP INFORMATION SECURITY 246414 0 40488 0 6942 0 23000 0 50738 0 367582 0 0 0 THOMPSON LISA VP ENTERPRISE RISK 272708 0 42637 0 4412 0 23000 0 17257 0 360014 0 0 0 LOPEZ VICTOR VP BRANCH OPERATIONS 257008 0 38267 0 22863 0 23000 0 10644 0 351782 0 0 0 CERWINSKI DAVID VP CORPORATE DEVELOPMENT 243212 0 40175 0 7283 0 23000 0 28157 0 341827 0 0 0 HOSHIDE DARREN VP BRANCH OPERATIONS 248300 0 37193 0 18829 0 1592 0 30493 0 336407 0 0 0 SEDLAK BRIAN VP INFORMATION TECHNOLOGY 246111 0 37909 0 8320 0 22810 0 17088 0 332238 0 0 0 RUBIA PHILIP FINANCIAL ADVISOR 247 0 295184 0 267 0 23000 0 9433 0 328131 0 0 0 GERSTENACKER KARL FINANCIAL ADVISOR 0 0 259678 0 400 0 20962 0 17372 0 298412 0 0 0 FRENCH BARRIE DIRECTOR INVESTMENTS 213673 0 17888 0 5485 0 19256 0 32614 0 288916 0 0 0 YEE NORMAN FINANCIAL ADVISOR 0 0 234536 0 1161 0 19154 0 27496 0 282347 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: THE PRESIDENT IS AUTHORIZED TO INCUR FIRST CLASS TRAVEL EXPENSES ON BEHALF OF HIS/HER SPOUSE PROVIDED THAT THE PRESIDENT SHALL BE RESPONSIBLE FOR ALL TAXES FOR ANY SUCH EXPENSES, AND THE TRAVEL IS RELATED TO THE CREDIT UNION AND IN THE BEST INTEREST OF THE CREDIT UNION. PART I, LINES 4A-B PER A CONFIDENTIALITY AGREEMENT SIGNED BY THE ORGANIZATION, THE SEVERANCE PACKAGE PAID TO EMPLOYEES ARE NOT OPEN FOR PUBLIC INSPECTION. THE CREDIT UNION MAINTAINS A NONQUALIFIED DEFERRED COMPENSATION PLAN. FOR TAX YEAR 2024, THE FOLLOWING INDIVIDUALS HAVE EARNED BUT UNPAID INCENTIVE COMPENSATION DEFERRED UNDER A DEFERRED COMPENSATION PLAN. THE APPLICABLE AMOUNTS BELOW ARE INCLUDED AS PART OF THEIR "RETIREMENT AND OTHER DEFERRED COMPENSATION" FIGURES ON PART II COLUMN C: - DARREN WILLIAMS $1,249,807 - KEITH PIPES $0 - IRVING YU $63,830 - JONATHON ALLEN $73,469 - MELISSA PEDERSON $60,914 - JOSEPH PELLISSERY $74,678 - ADRIANA WELCH $72,500 - HASHIM FORRESTER $69,231 - CARINA HOLLIS $56,863 - ASHLEY WHITE $42,773 ADRIANA WELCH KEY EMPLOYEE 1ST MORTGAGE X 799200 534561 0 1 1 ADRIANA WELCH KEY EMPLOYEE CREDIT CARD X 4000 100 0 1 1 ADRIANA WELCH KEY EMPLOYEE AUTO LOAN X 50000 49324 0 1 1 CARINA HOLLIS KEY EMPLOYEE 1ST MORTGAGE X 393750 294523 0 1 1 CINDY CHING-CHING LAW KEY EMPLOYEE AUTO LOAN X 36578 22877 0 1 1 DAVID CERWINSKI KEY EMPLOYEE 1ST MORTGAGE X 390000 254167 0 1 1 DAVID CERWINSKI KEY EMPLOYEE AUTO LOAN X 27855 26202 0 1 1 DAVID CERWINSKI KEY EMPLOYEE AUTO LOAN X 60000 2341 0 1 1 DAVID CERWINSKI KEY EMPLOYEE HELOC X 620000 197840 0 1 1 IRVING YU OFFICER 1ST MORTGAGE X 800000 721399 0 1 1 IRVING YU OFFICER HELOC X 250000 157000 0 1 1 IRVING YU OFFICER CREDIT CARD X 35000 8220 0 1 1 JONATHON ALLEN KEY EMPLOYEE AUTO LOAN X 65000 52388 0 1 1 JONATHON ALLEN KEY EMPLOYEE AUTO LOAN X 60000 24559 0 1 1 JONATHON ALLEN KEY EMPLOYEE HELOC X 1000000 750000 0 1 1 JONATHON BAUMAN KEY EMPLOYEE PERSONAL LOC X 18000 3727 0 1 1 JONATHON BAUMAN KEY EMPLOYEE HELOC X 438500 33495 0 1 1 KEITH PIPES OFFICER CREDIT CARD X 24500 527 0 1 1 MAGGIE PACHECO KEY EMPLOYEE HELOC X 425000 414200 0 1 1 MAGGIE PACHECO KEY EMPLOYEE 1ST MORTGAGE X 776000 65600 0 1 1 MARK DY-RAGOS KEY EMPLOYEE 1ST MORTGAGE X 680000 586832 0 1 1 MELISSA PEDERSON-DULAY KEY EMPLOYEE CREDIT CARD X 26500 3438 0 1 1 MELISSA PEDERSON-DULAY KEY EMPLOYEE AUTO LOAN X 70470 20831 0 1 1 MELISSA PEDERSON-DULAY KEY EMPLOYEE 1ST MORTGAGE X 636000 486351 0 1 1 MELISSA PEDERSON-DULAY KEY EMPLOYEE HELOC X 350000 347174 0 1 1 RUSSELL DOUGLAS KEY EMPLOYEE 1ST MORTGAGE X 438000 333720 0 1 1 VICTOR LOPEZ KEY EMPLOYEE 1ST MORTGAGE X 362000 212960 0 1 1 VICTOR LOPEZ KEY EMPLOYEE AUTO LOAN X 41016 31000 0 1 1 VICTOR LOPEZ KEY EMPLOYEE CREDIT CARD X 30000 975 0 1 1 DARREN HOSHIDE KEY EMPLOYEE 1ST MORTGAGE X 812000 738599 0 1 1 DARREN HOSHIDE KEY EMPLOYEE AUTO LOAN X 120000 84209 0 1 1 DARREN HOSHIDE KEY EMPLOYEE AUTO LOAN X 82799 82407 0 1 1 DARREN HOSHIDE KEY EMPLOYEE HELOC X 288000 272178 0 1 1 HELIO MARTINEZ KEY EMPLOYEE 1ST MORTGAGE X 200000 116215 0 1 1 DANIEL MOORE KEY EMPLOYEE 1ST MORTGAGE X 507500 370202 0 1 1 DANIEL MOORE KEY EMPLOYEE HELOC X 350000 340869 0 1 1 DANIEL MOORE KEY EMPLOYEE AUTO LOAN X 38811 30824 0 1 1 GARY KOKONYAN KEY EMPLOYEE AUTO LOAN X 56038 54908 0 1 1 GARY KOKONYAN KEY EMPLOYEE HELOC X 350000 349714 0 1 1 GARY KOKONYAN KEY EMPLOYEE CREDIT CARD X 26500 134 0 1 1 ASHLEY WHITE KEY EMPLOYEE 1ST MORTGAGE X 327700 295213 0 1 1 ASHLEY WHITE KEY EMPLOYEE CREDIT CARD X 13500 1040 0 1 1 RALPH BAUTISTA KEY EMPLOYEE 1ST MORTGAGE X 376000 209913 0 1 1 RALPH BAUTISTA KEY EMPLOYEE HELOC X 100000 16739 0 1 1 DONALD SABLATURA KEY EMPLOYEE 1ST MORTGAGE X 599500 557760 0 1 1 DONALD SABLATURA KEY EMPLOYEE AUTO LOAN X 60000 50384 0 1 1 DONALD SABLATURA KEY EMPLOYEE AUTO LOAN X 35000 30399 0 1 1 MARISA SUE KEY EMPLOYEE 1ST MORTGAGE X 416000 365103 0 1 1 MARISA SUE KEY EMPLOYEE AUTO LOAN X 23583 11648 0 1 1 AUDRA MARTIN KEY EMPLOYEE AUTO LOAN X 35000 35543 0 1 1 9650332 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS OWNED BY MEMBERS, MEMBERSHIP IS AVAILABLE TO ANY AND ALL PERSONS WHO LIVE, REGULARLY WORK, CURRENTLY ATTEND SCHOOL, OR CURRENTLY WORSHIP IN THE TWENTY-ONE COUNTIES OF CALIFORNIA. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO MAY ELECT THE GOVERNING BODY. EACH MEMBER HAS ONE VOTE TO ELECT THE MEMBERS FOR THE GOVERNING BODY OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B AT THE END OF EACH TERM OF THE DIRECTORS, ELECTIONS ARE HELD AND BOARD DECISIONS REGARDING ELECTION OR REMOVAL OF DIRECTORS ARE VOTED ON BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS REVIEWED BY THE VP CONTROLLER, THE SVP CHIEF FINANCIAL OFFICER, AND THE CEO OF THE ORGANIZATION. THE RETURN THEN GOES THROUGH A FINAL REVIEW BY THE BOARD OF DIRECTORS BEFORE FINAL SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS ENFORCED AND MONITORED THROUGH OUR VARIOUS REPORTING MECHANISMS (ETHICS POINT, OPEN DOOR COMMUNICATION POLICY, WHICH INCLUDES RECOMMENDING THAT EMPLOYEES DISCUSS THE ISSUES WITH THEIR MANAGER, HUMAN RESOURCES, SENIOR MANAGEMENT OR THE CEO), WE ADDRESS THE ISSUE AND USE OUR POLICY FOR GUIDANCE, WHICH PROMOTES CONSISTENCY. FORM 990, PART VI, SECTION B, LINE 15 CEO'S COMPENSATION: WESCOM CREDIT UNION'S BOARD OF DIRECTORS PARTNERS WITH A THIRD PARTY VENDOR TO PERFORM REGULAR REVIEWS TO ENSURE THAT THE PRESIDENT/CEO'S SALARY AND TARGET INCENTIVE REMAIN IN THE APPROPRIATE RELATIONSHIP TO THE MARKET. OUR THIRD PARTY CONSULTANT EXAMINES THE CURRENT COMPENSATION MARKET THROUGH AN ANALYSIS WHICH INCLUDES A CREDIT UNION PEER GROUP BASED ON ASSET SIZE AND FINANCIAL PERFORMANCE. IN ADDITION, THE PRESIDENT/CEO'S SUPPLEMENTAL RETIREMENT ACCOUNT IS REVIEWED WITH THE BOARD TO EVALUATION INVESTMENT PERFORMANCE AND TO CONSIDER ANY PROGRAM ADJUSTMENTS THAT NEED TO BE MADE TO ENSURE THE PROGRAM REMAINS APPROPRIATE TO THE MARKET. THE BOARD APPROVES ALL CHANGES TO THE PRESIDENT/CEO'S COMPENSATION AND SUPPLEMENTAL RETIREMENT PLANS. FORM 990, PART VI, SECTION B, LINE 15B: OTHER KEY EMPLOYEES' COMPENSATION: WESCOM CREDIT UNION PARTNERS WITH A THIRD PARTY TO PERFORM A PERIODIC REVIEW TO ENSURE THAT THE EXECUTIVE AND STAFF TEAM MEMBERS' SALARY RANGES AND TARGET INCENTIVES REMAIN IN AN APPROPRIATE RELATIONSHIP WITH THE MARKET. OUR THIRD PARTY CONSULTANT EXAMINES THE CURRENT COMPENSATION MARKET THROUGH AN ANALYSIS WHICH INCLUDES A CREDIT UNION PEER GROUP BASED ON ASSET SIZE AND FINANCIALS PERFORMANCE. THE HR COMMITTEE OF THE BOARD REVIEWS THE INFORMATION AND PREPARES A RECOMMENDATION FOR THE BOARD OF DIRECTORS APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. REQUESTS REGARDING GOVERNING DOCUMENTS AND CONFLICT OF INTERESTS CAN BE SUBMITTED TO THE ORGANIZATION AND COPIES WILL BE PROVIDED UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S INFORMATIONAL RETURN IS AVAILABLE UPON REQUEST OR ON A PUBLIC WEBSITE, GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 9,689,835. CHANGE IN FUNDED STATUS OF DEFINED BENEFIT PENSION PLAN 788,679. EQUITY ACQUIRED IN MERGER 2,019,038. WESCOM RESOURCES GROUP LLC 123 SOUTH MARENGO AVENUE PASADENA CA 91101 431966875 DATA PROCESSING CA 5805959 6979856 WESCOM CREDIT UNION WESCOM FOUNDATION 123 SOUTH MARENGO AVENUE PASADENA CA 91101 311709115 CHARITY FUND CA 501(C)(3) LINE 10 N/A 0 WESCOM CENTER ASSOCIATION INC 5601 E LA PALMA AVE ANAHEIM CA 92807 562628434 MANAGEMENT OF REAL PROPERTY CA WESCOM CENTRAL CREDIT UNION C 1806 41212 0.33820 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 WESCOM RESOURCES GROUP LLC J 1747188 ACTUAL AMOUNT PAID WESCOM FOUNDATION B 123649 EMPLOYEE CONTRIB. PLUS WCCU MATCH WESCOM FOUNDATION B 717755 AMOUNT OF CONTRIBUTION WESCOM FOUNDATION B 103815 AMOUNT OF MEMBER CONTRIBUTION